Both the Fortuner and Innova are the best selling in their respective segment. With 10-12% sales dip, Toyota still hopes to increase the sales once the BS4 models get cleared out from the stock.
Toyota Kirloskar Motors urges the fleet operators and shared mobility partners to buy the Fortuner and Innova before the BS6 norms kick in as both the products will receive a massive price hike.
With the upcoming BS6 emission norms, both Toyota vehicles can expect a price hike by up to 15-20% which equals to Rs 5 lakh for Fortuner and Rs 3 lakh for Innova. Since diesel engines involve more technology to convert the particulate to BS6 form, the company urges to fleet operators for advanced purchases.
The new prices will kick in once the BS6 emission norms are out. Also, Toyota believes that if the advanced purchases for BSIV models are done then it will beat the declining sales happening in the last few months.
Toyota Kirloskar Motor, Deputy Managing Director, N Raja, said, ” Toyota is trying to educate our customers, particularly in fleet and employee transport, shared mobility, tell them the cost increase that is going to come and try to provide them solutions accordingly, either BS-IV or BS-VI, to suit their needs”.
Furthermore, “the final pricing details are yet to be worked out across TKM’s product range, there could be a price increase of around Rs 4.5 lakh on a diesel Fortuner SUV that is priced around Rs 30 lakh at present”.
At present, Toyota sales are down by 10-12% which has been a huge loss to the brand. But this can be changed if people come and buy the BS4 compliance Fortuner and Innova before the BS6 hits the ground.The Japanese manufacturer will start implying with the BS6 emission norms and will roll out their vehicles in the first quarter of 2020.